Question

In a responsibility accounting system: Question 6 options: A. Each accounting report contains only (or clearly segregates) those items that are controllable by the responsible manager. B. Each accounting report contains all items allocated to a responsibility center. C. Organized and clear lines of authority and responsibility are only incidental. D. All managers at a given level have equal authority and responsibility. E. All of the above.

Answer 1

Answer:

A. Each accounting report contains only (or clearly segregates) those items that are controllable by the responsible manager.

Explanation:

A responsibility center is a business entity given a specific goals and objectives, procedures and policies, as well as dedicated personnel for generating financial reports in a company.

Answer 2

A. Each bookkeeping report contains just (or plainly isolates ) those things that are controllable by the dependable director .